🏃♂️Bitcoin is moving near the 🟡Potential Reversal Zone(PRZ)($61,800-$60,900)🟡 and 100_SMA(Daily) and Support lines.
🌊According to Elliott's wave theory, Bitcoin is completing corrective waves, most likely a Zigzag(ABC) corrective wave structure.
💡We can consider corrective waves in the form of a pullback to the upper line of the descending channel.
📈According to Classical Technical Analysis, Bitcoin seems to have formed a Falling Wedge pattern. (Of course, it is not very standard).
🔔I expect Bitcoin to start rising from the 🟡PRZ🟡 and at least rise to the 🔴Resistance zone($65,650-$64,200)🔴.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🌊According to Elliott's wave theory, Bitcoin is completing corrective waves, most likely a Zigzag(ABC) corrective wave structure.
💡We can consider corrective waves in the form of a pullback to the upper line of the descending channel.
📈According to Classical Technical Analysis, Bitcoin seems to have formed a Falling Wedge pattern. (Of course, it is not very standard).
🔔I expect Bitcoin to start rising from the 🟡PRZ🟡 and at least rise to the 🔴Resistance zone($65,650-$64,200)🔴.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Trade closed: target reached:
First Target
The analysis is still valid.